Asia-Pacific Dietary Supplement Market Size

Asia Pacific Dietary Supplements Market Analysis

The Asia-Pacific dietary supplement market is estimated to register a CAGR of 8.21% over the next five years.

• The growing awareness about the need for dietary supplements in the Asia-Pacific region is expected to act favorably on the market. Also, personalized nutrition is gaining popularity among consumers of all age groups in the Asia-Pacific region. The region has an emerging market for nutrigenomics and individualized products, which is expected to further boost the market in the forecast period.
• Throughout the projected period, rising consumer awareness of their own health and well-being is anticipated to be a major market driver for dietary supplements. Due to busy schedules and evolving lifestyles, the working population across the region struggles to meet the needs for dairy nutrients. The industry is anticipated to grow increasingly dependent on supplements to meet nutritional needs due to their high level of convenience.
• Throughout the course of the projected period, the market expansion is anticipated to be aided by rising healthcare spending, an aging population, rising interest in preventative healthcare, and increased interest in achieving wellness via nutrition. The demand for energy and weight management is anticipated to rise as there are more gyms, health clubs, and fitness centers available, along with a rise in fitness awareness among younger consumers.
• The market for dietary supplements will profit from the growing acceptability of sports as a career by increasing demand for sports nutrition. The main success factor for dietary supplements is research and development, which demands significant financial outlays. However, strict rules governing product labeling and health benefit claims are anticipated to present difficulties for dietary supplements throughout the forecast period.